Will May Jobs Report Give Fed Pause?

Disappointing data on payrolls and factory orders will keep Wall Street watching until Bernanke & Co.'s June 29 meeting

Has the labor market hit yet another spring "soft patch"? U.S. job growth sputtered in May, according to the government's employment report for the month, released June 2. And the labor market weakness may provide all the ammunition needed for the Federal Reserve to pause in its series of interest rate hikes as Chairman Ben Bernanke convenes the central bank's policy meeting later in June.

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